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SAMA Governor & ECB President discuss developments in central banking

Saudi Central Bank (SAMA) Governor Ayman Al-Sayari has received European Central Bank (ECB) President Christine Lagarde at SAMA headquarters in Riyadh. During the meeting, the...

Saudi Central Bank signs cooperation agreement with MAS

The Saudi Central Bank (SAMA) has signed a cooperation agreement with the Monetary Authority of Singapore (MAS) in the fields of fintech (finance technology)...

SAMA updates its regulatory sandbox framework to bolster fintech innovations

The Saudi Central Bank (SAMA) has updated the Framework of its Regulatory Sandbox in order to strengthen financial technology (Fintech) innovations. The step was taken...

Saudi Central Bank adds 2 new Fintech firms under its Regulatory...

The Saudi Central Bank (SAMA) has granted permits to two new companies, 'Lean Technologies' and 'Mod5r' to provide open banking solutions, bringing the total...

Saudi-based Arib signs membership agreement with Saudi Credit Bureau

Arib, a Saudi-based digital brokerage platform for loans, has signed a membership agreement with the Saudi Credit Bureau (Simah), marking an exceptional step in...

Tamweel Aloula raises capital to $133.2mn to fuel its expansion plans

Tamweel Aloula, a Saudi Closed Joint Stock Company, has revealed that it will be doubling its capital to $133.2 million, to support the company's...

Saudi Central Bank issues licenses to 3 new fintech companies

The Saudi Central Bank (SAMA) has issued licenses to three new companies specializing in finance and electronic payments, during the Global Entrepreneurship Congress sponsored...

Saudi’s Arib raises $2.3mn in seed round to fund its portfolio...

The leading digital broker for personal loans in Saudi Arabia, Arib has closed a seed investment round totaling $2.3 million, led by Merak Capital,...
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